Sustainability-Linked Bonds: KPI Verification and Coupon Step-Up Mechanics
Sustainability-Linked Bonds: KPI Verification and Coupon Step-Up Mechanics
Introduction
Sustainability-linked bonds (SLBs) are quickly moving from a niche innovation to a mainstream financing tool for companies, sovereigns, and supranationals that want to align their funding with environmental, social, and governance (ESG) goals. Unlike green bonds, whose proceeds are earmarked for